KIAFL has been active since 2015 and has invested more than USD 1.5 billion in India's realty sector as of February 2019. It maintains a core focus on high-quality opportunities in cities including Bangalore, Hyderabad, Mumbai and Pune.

India’s first real estate investment trust (REIT) listing is poised to kick off with the world’s largest private equity investor Blackstone and commercial developer Embassy Group ready to move markets regulator Sebi to raise as much as $1 billion.